RPT-Brazil real drops 1.3 pct to weakest level in over 4 months

Fri Nov 9, 2012 8:39am EST

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RIO DE JANEIRO Nov 9 (Reuters) - The Brazilian real weakened more than 1 percent on Friday and hit an over four-month low against the dollar as concerns about the euro zone and the U.S. "fiscal cliff" drove investors to the perceived safety of the greenback.

At 11:08 a.m. (1308 GMT), the real lost 1.2 percent to 2.0635 per dollar, its weakest level in over four months.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.